Learning Objectives
After completing this module, you would have learnt to:
1. Complete the Proforma of a typical Purchases Journal
2. Post the transactions from Purchases Journal to Ledger accounts
3. Verify the dual aspect with respect to flow of recorded transactions in purchases journal to Ledger
4. Understand the posting of transactions to Purchases Ledger Control account (if maintained)
5. Apply spreadsheet (such as MS Excel) in preparation of (purchases) journal voucher to post purchases transactions to ledger accounts.